AI Altcoins Rally as Reddit Eyes More Crypto Buys, Block Profits Off Bitcoin, and Ether Outperforms
• AI-related altcoins like SingularityNET, Worldcoin, Filecoin, and The Graph rallied strongly this past week • Reddit disclosed investments in bitcoin and ether when filing to go public, and said it may buy more crypto in the future • Block posted a $207M remeasurement gain on its bitcoin holdings in Q4 and made $66M in profit selling bitcoin to Cash App users • Block sold $2.52B in bitcoin to customers in Q4, up 37% year-over-year • The ether-bitcoin ratio looks set to break out of a 17-month downtrend, signaling potential ether outperformance